YHN Acquisition I Limited Announces the Separate Trading of its Ordinary Shares and Rights, Commencing November 8, 2024
YHN Acquisition I (NASDAQ: YHNA) announced that starting November 8, 2024, holders of units from its September 19, 2024 IPO can separately trade ordinary shares and rights on Nasdaq. The separated components will trade under symbols YHNA (ordinary shares) and YHNAR (rights), while unseparated units continue trading as YHNAU. Unit holders must contact Continental Stock Transfer & Trust Company through their brokers to separate units. The initial offering was underwritten with Lucid Capital Markets, as sole book-running manager, following SEC effectiveness on September 17, 2024.
YHN Acquisition I (NASDAQ: YHNA) ha annunciato che a partire dal 8 novembre 2024, i possessori di unità dell'IPO del 19 settembre 2024 potranno scambiare separatamente azioni ordinarie e diritti su Nasdaq. I componenti separati verranno scambiati sotto i simboli YHNA (azioni ordinarie) e YHNAR (diritti), mentre le unità non separate continueranno a essere scambiate come YHNAU. I possessori di unità devono contattare la Continental Stock Transfer & Trust Company tramite i loro broker per separare le unità. L'offerta iniziale è stata gestita interamente da Lucid Capital Markets, in qualità di unico book-running manager, dopo l'efficacia della SEC del 17 settembre 2024.
YHN Acquisition I (NASDAQ: YHNA) anunció que a partir del 8 de noviembre de 2024, los poseedores de unidades de su OPV del 19 de septiembre de 2024 podrán comerciar por separado acciones ordinarias y derechos en Nasdaq. Los componentes separados se comerciarán bajo los símbolos YHNA (acciones ordinarias) y YHNAR (derechos), mientras que las unidades no separadas continuarán comerciándose como YHNAU. Los tenedores de unidades deben contactar a Continental Stock Transfer & Trust Company a través de sus corredores para separar las unidades. La oferta inicial fue suscrita por Lucid Capital Markets, como único gestor de libros, tras la efectividad de la SEC el 17 de septiembre de 2024.
YHN Acquisition I (NASDAQ: YHNA)은 2024년 11월 8일부터 2024년 9월 19일 IPO의 유닛 보유자들이 Nasdaq에서 보통주와 권리를 별도로 거래할 수 있다고 발표했습니다. 분리된 구성 요소는 YHNA (보통주) 및 YHNAR (권리) 기호로 거래되며, 분리되지 않은 유닛은 YHNAU로 계속 거래됩니다. 유닛 보유자는 유닛을 분리하기 위해 브로커를 통해 Continental Stock Transfer & Trust Company에 연락해야 합니다. 초기 제안은 SEC의 유효성 발효 후 Lucid Capital Markets에 의해 단독 북런닝 매니저로서 인수되었습니다.
YHN Acquisition I (NASDAQ: YHNA) a annoncé qu'à partir du 8 novembre 2024, les détenteurs d'unités de son introduction en bourse du 19 septembre 2024 pourront échanger séparément des actions ordinaires et des droits sur Nasdaq. Les composants séparés seront échangés sous les symboles YHNA (actions ordinaires) et YHNAR (droits), tandis que les unités non séparées continueront à être échangées sous YHNAU. Les détenteurs d'unités doivent contacter la Continental Stock Transfer & Trust Company par l'intermédiaire de leurs courtiers pour séparer les unités. L'offre initiale a été souscrite par Lucid Capital Markets, en tant que gestionnaire unique du livre, après l'efficacité de la SEC le 17 septembre 2024.
YHN Acquisition I (NASDAQ: YHNA) gab bekannt, dass ab dem 8. November 2024 Inhaber von Einheiten aus dem IPO vom 19. September 2024 ordentliche Aktien und Rechte getrennt an der Nasdaq handeln können. Die getrennten Komponenten werden unter den Symbolen YHNA (ordentliche Aktien) und YHNAR (Rechte) gehandelt, während die ungeteilten Einheiten weiterhin als YHNAU gehandelt werden. Einheitinhaber müssen Continental Stock Transfer & Trust Company über ihre Makler kontaktieren, um die Einheiten zu trennen. Die ursprüngliche Platzierung wurde von Lucid Capital Markets als alleiniger Book-Running-Manager nach der Wirksamkeit der SEC am 17. September 2024 übernommen.
- Listing of separate trading components provides increased flexibility for investors
- Successfully completed IPO with major market presence through Nasdaq listing
- None.
Insights
This SPAC unit separation announcement represents a standard post-IPO milestone where investors can now trade the ordinary shares and rights separately. The original IPO was completed on September 19, 2024 and this separation mechanism is a routine process that offers more trading flexibility to unit holders. The ability to trade components separately typically increases liquidity but doesn't fundamentally change the investment proposition.
The mechanics involve unit holders contacting Continental Stock Transfer & Trust Company through their brokers to facilitate the separation. While this development provides more trading options, investors should note that SPACs remain speculative investments until a merger target is identified and successfully completed.
New York, Nov. 06, 2024 (GLOBE NEWSWIRE) -- YHN Acquisition I Limited (NASDAQ: YHNA, the “Company”) announced today that, commencing November 8, 2024, holders of the units sold in the Company’s initial public offering completed on September 19, 2024 may elect to separately trade the ordinary shares and the rights comprising such units on The Nasdaq Global Market (“Nasdaq”).
The ordinary shares and rights that are separated will trade on Nasdaq under the symbols “YHNA” and “YHNAR” respectively. Those units not separated will continue to trade on Nasdaq under the symbol “YHNAU.” Holders of units will need to have their brokers contact Continental Stock Transfer & Trust Company, the Company’s transfer agent, in order to separate the units into ordinary shares and rights.
The units were initially offered by the Company in an underwritten offering. Lucid Capital Markets, LLC acted as the sole book-running manager for the offering. A registration statement relating to these securities was declared effective by the U.S. Securities and Exchange Commission (the “SEC”) on September 17, 2024. The offering was made only by means of a prospectus. Copies of the prospectus may be obtained, when available, from Lucid Capital Markets, LLC, 570 Lexington Avenue, 40th Floor, New York, New York 10022.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
Cautionary Note Concerning Forward-Looking Statements
This press release includes forward-looking statements that involve risks and uncertainties. Forward looking statements are statements that are not historical facts. Such forward-looking statements are subject to risks and uncertainties, which could cause actual results to differ from the forward-looking statements. The Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company’s expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based.
Contact:
YHN Acquisition I Limited
2/F, Hang Seng Building
200 Hennessy Road, Wanchai
Hong Kong
Attn: Satoshi Tominaga, Chief Executive Officer
Email: stominaga8@outlook.com
FAQ
When will YHNA's ordinary shares and rights begin trading separately?
What are the trading symbols for YHNA's separated securities?
How can YHNA unit holders separate their units into ordinary shares and rights?
When did YHNA complete its initial public offering?
